TRAINING GROUND
Themis [Judge]
CASE #001 • 2014-2019
ONECOIN PONZI
Ruja Ignatova's OneCoin claimed to be a "Bitcoin killer." In reality, it was a $4B+ Ponzi scheme with no actual blockchain.
- • $4B+ stolen globally
- • Cryptoqueen vanished 2017
- • FBI Most Wanted
- • Brother sentenced 2023
"The pattern is clear: launch project, raise millions, exit quietly, face minimal consequences."
— Court AI Analysis
CASE #002 • DEC 2018
QUADRIGA CX
Gerald Cotten allegedly died in India with sole access to $190M in customer funds. Body never examined. Suspicious circumstances.
- • $190M locked forever
- • Death certificate questioned
- • Widow kept $7M mansion
- • Funds never recovered
PATTERN ANALYSIS
PHASE 1: Hype & promises
PHASE 2: Retail FOMO buying
PHASE 3: Insiders cash out
PHASE 4: Collapse & lawsuits
PHASE 5: Minimal punishment
PHASE 6: Pattern repeats
CASE #003 • 2018-2019
PLUSTOKEN
Chinese Ponzi scheme promising 10-30% monthly returns. When it collapsed, $2.9B vanished. Largest crypto Ponzi in history.
- • $2.9B stolen
- • 3M+ victims
- • Founders arrested China
- • Most funds never recovered
CONVICTION RATE
• Cases documented: 47
• Total losses: $58B+
• Convictions: 12
• Funds recovered: 8%
• Avg sentence: 3.2 years
CASE #004 • 2017-2018
ENVION ICO
Promised mobile mining units. Raised $100M in ICO. No working product ever delivered. Founders fought in court over remaining funds.
- • $100M raised
- • No product delivered
- • Insolvency declared 2019
- • Investors got nothing back
⚠ METHODOLOGY
Cases compiled from public records, court filings, and investigative journalism. AI-assisted pattern recognition identifies systemic failures in enforcement.
◆ Updated daily • Cross-referenced sources
CASE #005 • APR 2018
PINCOIN & IFAN
Vietnamese crypto Ponzi duo promised 40% monthly returns. Vanished with $660M from 32,000 victims. Offices abandoned overnight.
- • $660M stolen
- • 32,000 victims
- • Offices abandoned
- • Founders never found